What is the allocation on defence budget in the Union Budget of India
Right Answer is: B
• In the Union Budget 2018-19 of India, the defence sector was allocated an amount of Rs 2.95 lakh crores.
• It was an increase of 7.81% over last year’s allocation of Rs 2.74 lakh crore.
• For the Budget 2018-19, the allocation for defence is 12.10% of the total budget of Rs 24.42 Lakh Crore.
• The capital outlay for the defence services has been pegged at Rs 99.95 Thousand Crore.